Over the past year, Indianapolis-based Lumina Foundation has aggressively moved in a novel direction for a grant-making not-for-profit, funneling more of its $1.2 billion endowment into venture capital.
Several local not-for-profit and community groups are caught in a family dispute over the $31 million estate of Stephen Russell, the Celadon Group Inc. co-founder who died last year at age 76.
For the first time since its founding in 1996, the Women’s Fund of Central Indiana is supporting an initiative that’s not exclusive to females.
Indianapolis-based Bosma Enterprises and other groups on Wednesday sued the Department of Veterans Affairs, alleging the agency ignored a long-standing law when it changed contracting rules that give jobs to the visually impaired. Bosma said it stands to lose $36 million in annual revenue.
After several years in which the value of its assets swelled, philanthropic giant Lilly Endowment Inc. watched its coffers shrink 12.7 percent in 2016 from about $11.8 billion to $10.3 billion.
Steven Stolen, who has a lengthy resume in the arts, education and not-for-profit fundraising, begins the new role June 1.
Most people are aware of the Kiwanis Club. Sort of. Precious few know what the 102-year-old organization actually does.
The public course, an anchor for the neighborhood bounding West 56th Street in Pike Township, closed in late 2015 after the previous owner defaulted on a $2.4 million bank loan.
Butler University said the donation from the estate of Winstan “Bud” Sellick and his wife, Jacqueline, will be shared among athletics, the Lacy School of Business and general university support.
The reputation the education reform group has engendered with its work in the city has spread—and therefore so has its donor base.
The money, provided to the workforce initiative Ascend Indiana, will train up to 50 specialists a year targeting Indiana's growing opioid epidemic.
Legacy Fund, an affiliate of the Central Indiana Community Foundation, announced Tuesday morning that Tom Kilian Jr. would become the organization’s next leader.
Indianapolis businesswoman and philanthropist Christel DeHaan is nearly 75 years old and she knows that someday she’ll have to slow down. Someday. Not now.
Indianapolis-based Charitable Advisors hopes to help groups that can’t afford one-on-one consulting on issues vital to their operations.
Of the top five contributions from Indianapolis-area donors, four set records as the largest the organization had ever received from an individual.
Which local philanthropists made major donations in 2016 and where the money went
Indiana cities are trying to harness the power of the online masses to support local quality-of-life projects.
The Mind Trust, an Indianapolis-based not-for-profit that promotes education reform, will use the funds to support Innovation Network Schools and recruit school leaders.
The JCC Indianapolis closed on Monday morning after receiving a bomb threat. Dozens of Jewish community organizations around the country have been targeted with such threats in recent weeks.
Officials overseeing endowments at some of Indiana’s colleges and universities have cut back on spending, or are considering doing so, after struggling to grow their funds over the past decade.
